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Netflix Stock Crashes as Streak of Subscriber Growth Ends

TheMotleyFool

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Netflix Stock Crashes as Streak of Subscriber Growth Ends

Netflix (NASDAQ: NFLX) reported first-quarter 2022 results after the market closed on Tuesday, April 19, disappointing investors. The company missed its own guidance on subscriber additions and lost subscribers for the first time in years.

Unsurprisingly, the stock crashed in response to the worse-than-expected report as shareholders reassess their commitment to holding Netflix longer term. Let's look closer at what has Netflix stock down more than 34% on the day following the announcement.